- Ripple's XRP price is trading in the green by some 0.10% in the session on Wednesday.
- XRP/USD price action is moving within a bearish pennant structure via the daily.
- The next major support level is eyed at the psychological $0.3000 mark.
XRP/USD 60-minute chart
Bulls managed to break above a descending trend line, leaving the door open to upside pressure.
XRP/USD daily chart
The price is sitting on a critical daily support level at $0.2200, failure to hold will likely open a return to $0.2000.
Spot rate: 0.2195
Relative change: +0.10%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.